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Default OT--Economy Grows at Fastest Pace Since 1984


"Gould 0738" wrote in message
...
Good. But since the note never really comes "due", the more ancestors I
leave, the easier it will be for them to pay it off. ;-)


The note's due now. What is the effect on the value of the dollar when so

many
of them are committed to the future?


It doesn't matter. Here's an example.
A certain percentage of my Collections goes to pay debt. In my case, it's
roughly 10%. In 1999, that same percentage was closer to 15%. This has
occurred despite the fact that my overall debt has increased 25% over that
same period Why? Because collections increased at a proportional rate.

If GDP goes up at a near-equal rate (over the longterm...not in one, two, or
three given years), then an increasing debt does no harm to the value of the
dollar.





(Some of)You guys on the right have the same attitude toward the national

debt
as you do the environment! "Let my kids and grandkids deal with it!" Ya

otta
be proud.


No comparison...the difference being that the environment and it's natural
resources aren't growing.




 
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